COMESA Common Market for Eastern and Southern Africa

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Syllabus of the Subject: Common Market for Eastern and Southern Africa (COMESA).

Introduction to the Common Market for Eastern and Southern Africa (COMESA)
1. History of the Common Market for Eastern and Southern Africa (COMESA)
2. COMESA strategy
COMESA Countries: Burundi, the Comoros, the Democratic Republic of the Congo, Djibouti, the Arab Republic of Egypt, Eritrea, Ethiopia, Kenya, Libya, Madagascar, Malawi, Mauritius, Rwanda, the Seychelles, Sudan, Swaziland, Uganda, Zambia, and Zimbabwe.
COMESA Integration Process
1. Preferential Trade Area
2. Free-Trade Area
3. Customs Union
4. Common Market
COMESA Economic Community
COMESA Common Investment Area (Investment Agreement)
COMESA Aid for Trade Strategy. Trade Promotion
Monetary Cooperation in the COMESA Region
Infrastructure in the COMESA region.
1. Transport Corridors
Economy of the COMESA Region
1. Foreign Trade
2. FDI trends
Trade Agreements:
1. COMESA-EAC-SADC Tripartite Free Trade Agreement (FTA)
2. COMESA-United States Trade and Investment Framework Agreement
COMESA Institutions
1. Leather and Leather Products Institute (LLPI)
2. Regional Investment Agency
3. COMSTAT Data Portal
4. African Trade Insurance Agency
5. Alliance for Commodity Trade in Eastern and Southern Africa
6. Federation of National Associations of Women in Business in Eastern and Southern Africa
7. Eastern and Southern African Trade and Development Bank
Case Study: Investing in textile, oilseeds, and leather sector
Doing Business in the COMESA countries

The objectives of the Subject “Common Market for Eastern and Southern Africa (COMESA)” are the following:

To understand the aims, functions, and institutions of the Common Market for Eastern and Southern Africa (COMESA)
To know the economy of the COMESA region
To analyse the steps of the COMESA integration process: free-trade area, customs union, common market and economic community
To evaluate the benefits for the COMESA member countries
To know the COMESA trade facilitation and transport programs
To analyse the role of the affiliated institutions: PTA Bank, COMESA Reinsurance Company, ACA
To learn about the Nile Basin Initiative, Indian Ocean Commission and Economic Community of the Great Lakes Region

The Subject “Common Market for Eastern and Southern Africa (COMESA)” belongs to the following Online Higher Education Programs taught by EENI Global Business School:

Doctorates: African Business, World Trade
Masters: Business in Sub-Saharan Africa, Economic Relations, International Business, Foreign Trade
Courses: Business in Central Africa, East Africa, Southern Africa

Students, Online Master in International Business

Learning materials in or Marché commun de l’Afrique orientale et australe (COMESA) Mercado Común de África Oriental y Austral (COMESA) Mercado Comum da África Oriental e Austral (COMESA)

Credits of the Subject “Common Market for Eastern and Southern Africa (COMESA)”: 2
Duration: two weeks

Example of the Subject: Common Market for Eastern and Southern Africa (COMESA)

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Africa: Foreign Trade and Business (Master)

Description of the Subject: COMESA (Common Market for Eastern and Southern Africa).

COMESA: 50% of the FDI inflows in Africa.

The COMESA (Common Market for Eastern and Southern Africa) strategy is the “economic welfare through the regional integration in the Southern African region.”

The COMESA (Common Market for Eastern and Southern Africa) members economies are Burundi, the Comoros, the Democratic Republic of the Congo, Djibouti, Egypt, Eritrea, Ethiopia, Kenya, Libya, Madagascar, Malawi, Mauritius, Rwanda, the Seychelles, Sudan, Swaziland, Uganda, Zambia, and Zimbabwe.

South Sudan, has requested the access to the Common Market for Eastern and Southern Africa (COMESA).

These countries are predominantly Christians.
Muslim countries are the Comoros, Djibouti, Egypt, Somalia, and Sudan
The population of the COMESA Markets: 406 million inhabitants
Former members of the Common Market for Eastern and Southern Africa (COMESA): Lesotho (1997), Mozambique (1997), Tanzania (2000), Namibia (2004), and Angola (2007)

The objective of the Common Market for Eastern and Southern Africa (COMESA) is to develop a Free-Trade Area removing all the internal trade tariffs and barriers.

The COMESA Free-Trade Area was achieved in 2000 when nine of the COMESA member economies (Djibouti, Kenya, Madagascar, Malawi, Mauritius, Sudan, Zambia, and Zimbabwe) eliminated their tariffs on the originating products from the Eastern and Southern African Countries.

This followed an International trade liberalisation programme that started in 1984 on the reduction (and eventual elimination) of the tariff and non-tariff trade barriers in the Common Market for Eastern and Southern Africa (COMESA) region.

Burundi and Rwanda joined the COMESA Free-Trade Area in 2004.

These eleven economies of the COMESA (Common Market for Eastern and Southern Africa) Free-Trade Area have not only eliminated the customs tariffs but are working on the eventual quantitative restrictions and other Technical Barriers to Trade (TBT) elimination.

Other objectives related to the COMESA trade promotion are:

Regional Trade liberalisation and customs cooperation
Improving the transport and communications administration to facilitate the movement of products, services, and people between the economies in the COMESA region
Macroeconomics and monetary policies coordination

The Common Market for Eastern and Southern Africa (COMESA) plans to become a Customs Union.

The Common Market for Eastern and Southern Africa belongs to the African Civilisation:

The Eastern and Southern African Trade and Development Bank was created in 1985 following the dispositions of the Treaty of 1981 establishing the Preferential Trade Area, which has since been transformed into the Common Market for Eastern and Southern African States (COMESA), as a financial arm of the integration agreement.

EENI Online Masters and Doctorates in International Business adapted to the countries of the Common Market for Eastern and Southern Africa (COMESA): Eritrea, Ethiopia, Kenya, Mauritius, Malawi, Seychelles, Sudan, Uganda, Rwanda, Swaziland, Zambia, and Zimbabwe.